Archive for June, 2009

House market recovery ‘faces risks’

by on June 30th, 2009

TweetShareHouse prices are beginning to stabilise, however there are still a number of risks on the horizon for those looking to purchase or sell a property, one expert has suggested. Chief economist at Nationwide Martin Gahbauer noted that while new statistics were “encouraging to see” there were still a number of considerations for the future. [...]

Women ‘falling behind men in terms of savings’

by on June 30th, 2009

TweetShareThere is a gender divide in the number of people who are successfully putting money aside into pension schemes, new research has suggested. A Scottish Widows UK Pensions report has found that 47 per cent of women are saving adequately in comparison to 59 per cent of their male counterparts. Head of pensions market development [...]

Lending ‘continues to stabilise but is still low’

by on June 29th, 2009

TweetShareRecent mortgage figures reveal that while the market has steadied over the last few months it remains depressed, according to one expert. Director general of the Building Societies Association Adrian Coles said that although the economic situation seems to be recovering it has not reached levels seen in 2008. He said: “Gross mortgage lending by [...]

Expert denies lenders are withholding mortgages

by on June 29th, 2009

TweetShareRecent research suggesting that the high-end property market is stagnating due to stringent lending on the part of mortgage providers has been dismissed by one specialist. Jeremy Way, director at estate agents Hirch Way & Ambler, said that expensive residences were increasingly popular and demand was rising. “High-end properties are showing distinct signs of improvement [...]

People ‘are making increasingly risky investments’

by on June 29th, 2009

TweetShareLow interest levels on standard savings accounts are causing those putting money aside to seek out risky investments, one specialist has claimed. James Booker at comparison site Which4u.co.uk suggested that consumers are looking towards investment bonds, with many showing more of an “appetite for risk”. “People are not happy with the return they get on [...]

People ‘trying to save their way out of debt’

by on June 26th, 2009

TweetSharePeople in Britain are saving more money now than at any point in the last four-and-a-half years, a new survey has suggested. According to a report by NS&I, individuals in the UK are holding back £92.41 a month, which is the most recorded in the survey’s history. Senior savings strategist at the financial provider said: [...]

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